ince 1950, the volume of world trade and the volume of world real GDP A. have both increased, but the volume of world trade has increased more slowly than the volume of worl real GDP. B. have both increased at roughly the same rate. C. have both decreased at roughly the same rate. D. have both increased, but the volume of world trade has increased faster than the volume of world real GDP.
ince 1950, the volume of world trade and the volume of world real GDP A. have both increased, but the volume of world trade has increased more slowly than the volume of worl real GDP. B. have both increased at roughly the same rate. C. have both decreased at roughly the same rate. D. have both increased, but the volume of world trade has increased faster than the volume of world real GDP.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 1CQQ
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ince 1950, the volume of world trade and the volume of world real GDP
have both increased, but the volume of world trade has increased more slowly than the volume of worl real GDP.
have both increased at roughly the same rate.
have both decreased at roughly the same rate.
have both increased, but the volume of world trade has increased faster than the volume of world real GDP.
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